AnnetteB6
Employee Tax Expert

Retirement tax questions

You would enter NO if your only exposure to a Roth account was through payroll deductions to a Roth 401k.

 

A Roth 401k and a Roth IRA are two separate types of accounts.  Entering the information on your W-2 showing that you contributed money to a Roth 401k through payroll deductions is all you need to do.

 

Making a contribution to a Roth IRA would be done outside of your job by opening an IRA with a financial custodian and making direct contributions to the account.  If you did have a separate Roth IRA, then you would enter the contributions you made in your return.

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